Ethena-incubated DEX Terminal Finance abandons launch after Converge chain fails to materialize
Quick Take Terminal Finance, the Ethena-incubated decentralized exchange that attracted over $280 million in pre-launch deposits, announced it will not be launching after the Converge blockchain it was designed to serve never went live. A launch of the Converge blockchain, announced by Ethena and Securitize in March, “doesn’t appear to be planned for the near future,” according to Terminal’s announcement.
The Block•2025-11-29 16:00